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Teladoc Health Gains Nearly 10% After Hours on Smaller-Than-Forecast Q3 Red Ink

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Jerry Kronenberg wrote a column · Oct 30 16:57
$Teladoc Health (TDOC.US)$ rose nearly 10% after hours Wednesday after the telemedicine company reported a narrower-and-expected Q3 loss and beat analyst estimates on sales.
TDOC gained 8.9% to $9.65 shortly before 6 p.m. ET after the firm reported losing $0.19 per share in Q3 – better than the $0.27 that analysts had reportedly forecast.
Sales came in at $640.5 million, exceeding analysts’ reported $631.2 million prediction.
"I am pleased with our third-quarter results, which demonstrate our commitment to consistent execution, and I remain excited about our potential," CEO Chuck Divita said in releasing the company's latest results. "I see many strengths to build upon as we advance initiatives aimed at strengthening our business and unlocking future growth opportunities."
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Jerry Kronenberg
Director of Financial Content
Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
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